MD_DA840                                                         
DA                                                               
MD DA840 Cheese - West                                           

MADISON, WI.  November 2, 2016 (REPORT 44)                       

WEST CHEESE                                                      

Western cheese production is seasonally strong and active. Manufacturers say milk 
supplies are in good balance with manufacturing needs. A few processors suggest some milk 
is finding its way back into cheese vats as opposed to going into other dairy products. 
Cheese inventories are stable. Orders for holiday retail demand are increasing and 
industry contacts report a solid pull from food service accounts. The DMN National Retail 
Report-Dairy for the week of October 28-November 3 shows the U.S. weighted average 
advertised retail price for an 8 ounce pack of natural shredded cheese is $2.22, down 
$.04 from last week. Packs average $2.05 in the Southwest and $1.79 in the Northwest. One 
year ago, the national price was $2.14. For 8 ounce blocks, the U.S. price is $2.25, down 
$.07 from last week. Blocks average $2.25 in the Southwest and $1.39 in the Northwest 
this week. One year ago, the national price was $2.29. In the West, wholesale prices are 
down $.0025 for process, but up $.0100 for cheddar block, cuts, and Monterey Jack. Swiss 
cut wholesale prices are unchanged. This week, a cooperative export assistance program 
accepted requests for 1.784 million pounds (809 metric tons) of cheese. So far this year, 
the program has assisted member cooperatives who have contracts to sell 44.2 million 
pounds of cheese in export markets. In CME Group trading Wednesday, barrels closed at 
$1.7575, up $.2000 from a week ago and blocks closed at $1.8225, up $.1675. 


WHOLESALE SELLING PRICES:  DELIVERED, DOLLARS PER POUND          
(1000 - 5000 POUNDS MIXED LOTS)                                  
                                                                 
Process 5# Loaf                              : 1.6725-1.9300     
Cheddar 40# Block                            : 1.7650-2.2100     
Cheddar 10# Cuts                             : 1.9450-2.1650     
Monterey Jack 10#                            : 1.9550-2.1150     
Grade A Swiss Cuts 6 - 9#                    : 2.7200-3.1500     


1530CT Mike.Bandli@ams.usda.gov 605-557-7010
USDA/AMS/Dairy Market News, Madison, Wisconsin
Dairy Market News website: http://www.ams.usda.gov/market-news/dairy
Dairy Market News database portal: http://www.marketnews.usda.gov/mnp/da-home